Damage to standing crops due to extended rain, depletion of stocks at home and in global markets could spoil the calculations
The Wholesale Price Index (WPI)-based inflation rose to 1.32 per cent in September 2020, mainly on the back of costlier food articles
Inflation above RBI's comfort zone of 6% for six straight months, Q2 inflation slightly higher than MPC's projection, MPC may refrain from cutting rate in December policy too
Rising inflation, according to economists, is another cause for concern
The phenomenon has caused a lot of problems, such as the spurt in food prices and disruption in supplies due to breakdown in the already Covid-19-battered transport in the hinterland
It isn't just protein diet and cereals that are becoming expensive despite bumper output the past few years; even personal care products and recreation have surprisingly become very costly
Official data released on Thursday showed that CPI for July rose 6.93 per cent year on year, up from 6.23 per cent in June
Food inflation stood at 5.49 per cent in June 2020 as against 5.88 per cent in the previous month and 5.47 per cent during the corresponding month a year ago
The National Statistical Office (NSO) released the headline CPI numbers after a gap of two months.
Improving efficiency in producing and converting edible calories when demand weakens could throw new social challenges
Even before the lockdown, the economy was on the downhill despite the Centre announcing huge corporation tax cuts
Inflation based on food index of CPI-AL and CPI-RL is at 10.40 per cent and 10.21 per cent, respectively in May 2020
Since March 2020, WPI food inflation rate continued to fall but the CPI-food inflation rose, signaling a breakdown in supply chain from the mandis to the final household
Statistics office also does not release retail headline inflation number
The government for the second month in a row released the truncated data on retail inflation in the backdrop of the lockdown following Covid-19 pandemic
Reports 10.12% deflation in fuel, power basket
Prices are likely to rise again in April, according to analysts, with the actual impact of the Covid-19 and the resultant lockdown yet to be fully seen.
Retail inflation rose sharply to 7.35 per cent in December 2019.
The first of a two-part series on 'Kitchen woes' shows how prices of milk, sugar and wheat have moved lately
Food inflation shot up to 14.12 per cent in December from 10.01 per cent in November on account of rising prices of vegetables and pulses